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Sponsorship Commitment
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Sponsorship Commitment

NOTE 7 – Sponsorship Commitment

 

On February 13, 2024, LOOT8, Inc., the Company’s wholly owned subsidiary entered into a sponsorship commitment with a consultant to the University of Houston in the amount of $125,000 for one year ending on February 12, 2025 to be paid in twelve (12) installments of $10,416.66 each. Payments included in general and administrative expense were $20,821 and $41,649 for the three and six months ended June 30, 2024, respectively.  As of July 18, 2024, the Company and the consultant have agreed to terminate the consulting agreement.  The Company is in discussions with the University of Houston to continue their sponsorship agreement. An agreement is yet to be set in place.